The Indian economy is likely to lose steam and may grow at 6.6% in the first half of 2019 from 7.4% a year ago, on account of global slowdown and the uncertainty about the outcome of the forthcoming general elections, a report has cautioned.
“We expect the slowdown to worsen in the first half of 2019 to around 6.2% (from a peak of 8.2% in Q2 of 2018) before staging a recovery to 7.2% in the fourth quarter of 2019,” Japanese brokerage Nomura said.
“The factors that will affect growth in 2019 are global slowdown, which will impact exports, manufacturing, and the overall investment climate; tight financial conditions and election uncertainty,” Nomura India economist Aurodeep Nandi told reporters here.
